Interactive Brokers Group (IBKR) Upgraded by Zacks Investment Research to Strong-Buy
Zacks Investment Research upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a hold rating to a strong-buy rating in a report released on Monday. They currently have $68.00 price target on the financial services provider’s stock.
According to Zacks, “Interactive Brokers’ shares have significantly outperformed the industry in the past six months. Nevertheless, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. The company continues with its plans of streamlining operations and focus on strengthening its Electronic Brokerage segment. In sync with this, it sold U.S. options-market-making business (Timber Hill), which along with the other restructuring efforts will support financials. However, the company’s high dependence on IBG remains a concern because if IBG LLC fails to provide sufficient funds to pay taxes or for any other purpose, its financial condition may suffer.”
Several other analysts have also commented on the company. SunTrust Banks reaffirmed a hold rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. BidaskClub downgraded Interactive Brokers Group from a strong-buy rating to a buy rating in a research report on Saturday, December 16th. Finally, Goldman Sachs Group downgraded Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 target price on the stock. in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Interactive Brokers Group presently has an average rating of Hold and a consensus price target of $48.33.
Shares of Interactive Brokers Group (IBKR) traded down $0.46 on Monday, hitting $62.15. The company had a trading volume of 651,900 shares, compared to its average volume of 953,843. Interactive Brokers Group has a one year low of $33.01 and a one year high of $62.85. The company has a market capitalization of $25,700.00, a price-to-earnings ratio of 53.58, a P/E/G ratio of 3.22 and a beta of 1.02.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Interactive Brokers Group’s revenue was up 23.5% compared to the same quarter last year. research analysts forecast that Interactive Brokers Group will post 1.49 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.
In other news, insider Thomas Aj Frank sold 54,903 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $54.21, for a total value of $2,976,291.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Denis Mendonca sold 1,156 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The disclosure for this sale can be found here. Insiders have sold 438,338 shares of company stock worth $22,604,165 over the last quarter. 3.41% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Interactive Brokers Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock valued at $220,132,000 after acquiring an additional 60,630 shares in the last quarter. Bares Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 2.2% in the third quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock valued at $205,473,000 after acquiring an additional 97,099 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. lifted its position in shares of Interactive Brokers Group by 7.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock valued at $87,722,000 after acquiring an additional 162,435 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Interactive Brokers Group by 14.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after acquiring an additional 284,389 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Interactive Brokers Group by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,111,835 shares of the financial services provider’s stock valued at $95,116,000 after acquiring an additional 114,869 shares in the last quarter. Institutional investors and hedge funds own 15.79% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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